Indian rupee hits two-week high vs US dollar
Reuters: Mumbai, Feb 27 2013, 18:24 IST
after Federal Reserve Chairman Ben Bernanke defended the U.S. central bank's monetary stimulus, easing worries over a possible early retreat from bond purchases.
In the offshore non-deliverable forwards, the one-month contract was at 54.19 while the three-month was at 54.82.
In the currency futures market, the most-traded near-month dollar/rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 54.1750 with a total traded volume of $6.45 billion.
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